Philips Electronics Quits Consumer Electronics Biz

JAN. 31, 2013 • Once the largest maker of radios in the world during the first half of the 20th Century, and a perennial mainstay within the consumer electronics industry, Philips Electronics has called it quits and sold its audio, multimedia, video and accessories units to Japan’s Funai Electric Co. in what the Wall Street Journal termed the token sum of €150 million ($204.1 million). Philips had a long history of innovation that saw the developm.....

Junction Point Studios Closed

JAN. 29, 2013 • Despite the recent corporate acquisition of LucasFilm and LucasArts by the Walt Disney Co., Disney Interactive is still paring down its development assets with the shuttering of Warren Spector’s Junction Point Studios in Austin. Spector is best known for the Thief and Deus Ex franchises. Junction Point was acquired by Disney in 2007 and was tasked with developing Disney E.....

THQ Broken Up Post Bankruptcy

JAN. 23, 2013 • A month after THQ entered Chapter 11 bankruptcy and restructuring, an asset auction was held and no potential buyer came forward with a bid higher than the sum of individual bids for the publisher’s separate assets. As a result, THQ management has recommended to the bankruptcy court the separate sale of assets, and U.S. Bankruptcy Judge Mary F. Walrath in Wilmington, Delaware promptly approved the sales. The Bloomberg news service reported .....

Disney Infinity to the Rescue?

JAN. 15, 2013 • With two hit installments in its own Skylanders franchise, Activision Blizzard has proven there is gold in games that interact with companion toy lines, and Disney Interactive is entering the same space by June. Disney Infinity will launch with an initial 17 interactive character figures that tie in with the companion video game available on the PC, PlayStation 3, Wii, Wii U, and Xbox 360. Disney also announced there will be an accompanying mobil.....

Xbox 360 Turns In Strong Performance

JAN. 11, 2013 • Riding an undercover $50 price reduction at retail, Microsoft reported that Xbox 360 sales reached a total of 1.4 million units sold during the month of December in the U.S. (Microsoft cited NPD Group data). That performance marks the 24th straight month the console has topped sales charts. Microsoft also claimed that seven of the Top 10 games for the month were Xbox 360 titles. Consumers spent more than $1.27 billion on Xbox 360 hardware, games .....

PlayStation 2 Production Ends

JAN. 4, 2013 • On Dec. 28, Famitsu reported that Sony Computer Entertainment had ceased shipping PlayStation 2s to Japanese retailers. All existing inventory in-channel would be sold off until no more remained. No other territories were mentioned in the report, and Sony has remained mum on furt.....

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